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Apple to debut three new iPhone models in the autumn: WSJ

Apple Inc. plans to push out three new iPhone models this autumn, according to sources cited by The Wall Street Journal on Friday. The report comes more than a week after Chief Executive Officer Tim Cook lowered the company's revenue forecast amid slowing iPhone sales and pressure in China. The news triggered a sharp fall in Apple shares and wider losses for stock markets. One of the phones will be a followup to the less-expensive XR iPhone with a liquid-crystal display that has proven tougher to sell. J.Com and Suning, two major Apple resellers in China, slashed prices of the iPhone 8, the 8 Plus and XR Friday, owing to weak sales, The Financial Times reported. Apple shares rose 0.4% in thin premarket trading on Friday.